The export earnings from USA in July this year are also 38.10 per cent higher than the corresponding month of the last fiscal. The export earnings from USA in July 2009 were $323.40 million.
Latest statistics, provided by the Export Promotion Bureau (EPB), show that of the total July export of $446.61 million, ready-made garment (RMG) items including knitwear accounted for $410.71 million with 36.99 per cent growth.
The major items exported to USA in July 2010 were woven garment $291.88 million, knitwear $118.83 million, frozen shrimp $11.03 million, cap $2.27 million and home textile $5.36 million.
Meanwhile, the export earnings from USA witnessed a declining trend in the last fiscal -- almost 8.9 per cent in 2009-10 from fiscal 2008-09.
The most noticeable cause for this is the declining trend for RMG exports from Bangladesh to USA which was affected badly by the global recession.
According to the EPB statistics, the country's export earnings from USA in the last fiscal totaled $3.14 billion, a 7.74 per cent fall over $3.4 billion registered in 2008-09.
The last fiscal (2009-10) marked the end of an up-and-down decade for Bangladesh's exports to USA. From a high of $2.5 billion in fiscal 2000-01, exports had fallen to under $2 billion by 2003-04.
That was followed by four years of consecutive growth, as Bangladesh made the best of the Multi-Fibre Arrangement (MFA), which governed world trade in textiles and garment from 1974 to 2004.
Exports rose steadily to cross the $3.0 billion mark in 2005-06, and peaked at nearly $3.6 billion in the fiscal 2007-08. Then the country' s export earnings fell for two consecutive years in fiscal 2008-09 and fiscal 2009-10.
-FE, Mon, 15/11/2010
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